An Explanation of Deductibles

If you have insurance, you've certainly heard of deductibles, but you may need an explanation of deductibles all the same. After all, medical deductibles vs. copays vs. coinsurance can be confusing. And the deductible definition for auto insurance is often completely different. Basically, your deductible means the amount of money you have to pay toward repairs or medical treatments before your auto insurance company will pay the rest. If you need to know more about what a deductible is, read on.

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UPDATED: Jun 27, 2022

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